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Author Topic: Nxt Multigateway Website is online!  (Read 20243 times)

ThomasVeil

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Re: Nxt Multigateway Website is online!
« Reply #100 on: July 26, 2014, 04:51:40 pm »

Thanks for the answers. Can I bother you guys a bit more? You can smite me if you get annoyed :D

Now, once the assets are in your account, then MGW has really no involvement for all AE transactions, so that part is as reliable as NXT AE

My security concern was not so much about the AE part, but the BTC deposit. What if there is data-loss in the servers? Maybe the server-transition has trouble. Then the addresses/keys would be lost?

Secondly, I wonder who "owns" the current mgwBTC assets? Is there a loophole in the "trustless" idea? Because let's say it's you as the issuer, then couldn't you just sell them all one day and run for the hills?

Lastly, the withdrawal part could be a bit more 'responsive'. I deducted 0.3 BTC. But even when they were gone, the balance in the NxtServices panel still shows that I own them... at least in one box. Here is a screenshot (see in the background the wrong number):

I didn't know the transaction already happened. Noticed only later in Bter that it was done already. Ideally it could let me know the trasnaction ID... maybe? Or a "done" or "processing" signal.
Overall I think it took about an hour to show up there.
Didn't try deposits yet, but I'll get to it when the price allows.


So far it all works pretty neat. Much easier than expected.
Biggest issue was for me to figure out the prices - since the AE list's it as NXT/BTC not the other way around like exchanges usually have. So maybe a plugin could fix that or wesley could even offer a little option in the client to switch the view - to make trading easier. I think its really a barrier for non-math peeps.
Graphs and stuff would be nice of course. And instant transactions are needed to make this usuable for proper trading - but you're on to that as far as I know, so yeah.


The Multigateway Supported Coins page has been updated with the latest additions to the work list :)

Ah, BTCD neato.
Great job guys! I'm excited about this - gonna be huge!
« Last Edit: July 26, 2014, 04:55:26 pm by ThomasVeil »
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VanBreuk

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Re: Nxt Multigateway Website is online!
« Reply #101 on: July 26, 2014, 05:14:06 pm »

My security concern was not so much about the AE part, but the BTC deposit. What if there is data-loss in the servers? Maybe the server-transition has trouble. Then the addresses/keys would be lost?

Transition to the definitive production servers will require re-generating deposit addresses. James can give more details about how that is going to work.

Secondly, I wonder who "owns" the current mgwBTC assets? Is there a loophole in the "trustless" idea? Because let's say it's you as the issuer, then couldn't you just sell them all one day and run for the hills?

This is a trust element discussed here - https://nxtforum.org/index.php?topic=3881.msg69120#msg69120

Lastly, the withdrawal part could be a bit more 'responsive'. I deducted 0.3 BTC. But even when they were gone, the balance in the NxtServices panel still shows that I own them...

(...)

Biggest issue was for me to figure out the prices - since the AE list's it as NXT/BTC not the other way around like exchanges usually have. So maybe a plugin could fix that or wesley could even offer a little option in the client to switch the view - to make trading easier. I think its really a barrier for non-math peeps.
Graphs and stuff would be nice of course. And instant transactions are needed to make this usuable for proper trading - but you're on to that as far as I know, so yeah.

For any UI feedback and suggestions, please post in the Lite MGW UI topic - https://nxtforum.org/index.php?topic=3008.0

Bigger chance of longzai reading your comments :)
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toenu

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Re: Nxt Multigateway Website is online!
« Reply #102 on: July 27, 2014, 10:03:56 am »

Is there some sort of infographic or diagram that explains how MGW works? Other than the simplistic one on the website - I'm thinking more something that explains the multisignature aspect. This would be very helpful when introducing the concept to new people or trying to explain to skeptical people.
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toenu

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Re: Nxt Multigateway Website is online!
« Reply #103 on: July 27, 2014, 10:09:14 am »

NXT Studios has just delivered a Direct Response film for NXT Multigateway (MGW).  http://nxtstudios.org/mgw

The film clip is now available on the NXT Studios channel on Vimeo with a link to embed into any NXT website or NXT blog.


The video didn't work for me with the first link. On firefox I got "Unable to play media. Media format not supported", on Chrome it stays black but audio is playing and on IE it's just loading.
On vimeo it played fine, good work. :)
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VanBreuk

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Re: Nxt Multigateway Website is online!
« Reply #104 on: July 27, 2014, 10:47:46 am »

Is there some sort of infographic or diagram that explains how MGW works? Other than the simplistic one on the website - I'm thinking more something that explains the multisignature aspect. This would be very helpful when introducing the concept to new people or trying to explain to skeptical people.

Not yet, but that's a good suggestion.

I'm adding it to the queue, but if there's anyone with understanding of the service that makes such a detailed diagram, and it is approved by James, we'll pledge 500 MGW assets.
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salsacz

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Re: Nxt Multigateway Website is online!
« Reply #105 on: July 29, 2014, 07:57:48 am »

there is too much you/your at the website - actually there should be no "you" at all  8)
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VanBreuk

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Re: Nxt Multigateway Website is online!
« Reply #106 on: July 29, 2014, 08:57:04 am »

there is too much you/your at the website - actually there should be no "you" at all  8)

Other feedback suggested to avoid dry technicalities and to make the information more personal... is it the precisely the direct personal appeal what you don't like?

Thanks.
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salsacz

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Re: Nxt Multigateway Website is online!
« Reply #107 on: July 29, 2014, 09:36:56 am »

well, this is more like philosophical question - is it a marketing piece or more general business info? http://www.ereleases.com/prfuel/second-person-vs-third-person-in-your-business-writing/
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VanBreuk

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Re: Nxt Multigateway Website is online!
« Reply #108 on: July 29, 2014, 09:46:37 am »

Website is aimed at end users.
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VanBreuk

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Re: Nxt Multigateway Website is online!
« Reply #109 on: August 13, 2014, 10:44:01 pm »

The Windows installer in the site is now updated with NRS 1.2.5.

For whoever wants to know more about how Multigateway works (including a more detailed service description and the operations chart I'm also attaching here) I just uploaded the v.01 of the Multigateway Service Docs - http://multigateway.org/downloads/Multigateway_docs.pdf

I'll leave that as a permalink you can also access in the website service description, and update it as it gets obsolete.

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cobaltskky

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Re: Nxt Multigateway Website is online!
« Reply #110 on: August 14, 2014, 01:23:58 am »

Nicely!
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n3lz0n

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Re: Nxt Multigateway Website is online!
« Reply #111 on: August 14, 2014, 03:24:26 am »

amazing!!!

is Coin2 possible to get thru this MGW? thanks.
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VanBreuk

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Re: Nxt Multigateway Website is online!
« Reply #112 on: August 14, 2014, 02:15:11 pm »

Website downloads updated to Lite MGW 1.4.1.

is Coin2 possible to get thru this MGW? thanks.

Coin2 is a fork of PPC, and that suggests it does not support multi-signature. If that is so, and since MGW requires multisig support, Coin2 would not be supported at this stage of development.

But there might be ways for MGW to provide the multisig in future releases, so never say never :)
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msin

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Re: Nxt Multigateway Website is online!
« Reply #113 on: August 14, 2014, 04:48:20 pm »

I think supporting a bunch of alts could be cool, but speed and reliability should be priority, not sure if adding numerous coins affects that.   If it does, then I would say absolutely stick to the big coins, mainly BTC, LTC, at this point.  There is a reason why Coinbase isn't supporting anything other than BTC. 
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VanBreuk

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Re: Nxt Multigateway Website is online!
« Reply #114 on: August 14, 2014, 05:20:05 pm »

Agreed that speed and robustness are priorities and they're being treated as such.

Implementing other coins might not have a strong effect in mgwASSETS volume or in the large scale adoption of MGW, but consider these:

1 - It's a way to open the AE to alt communities.
2 - With the future asset-to-asset exchange based on InstantDEX orderbooks, AE will also become a crypto exchange with the lowest fees in the market, and with a very high flexibility (any trading pair should be possible).
3 - Development of main production servers and testing of additional coins are compatible since they are being done by different people.

So if you see dev talk about additional coins, don't be afraid... it's not that devs are overlooking essential issues, they're just working while essential issues are fixed :)
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msin

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Re: Nxt Multigateway Website is online!
« Reply #115 on: August 14, 2014, 05:32:09 pm »

Agreed that speed and robustness are priorities and they're being treated as such.

Implementing other coins might not have a strong effect in mgwASSETS volume or in the large scale adoption of MGW, but consider these:

1 - It's a way to open the AE to alt communities.
2 - With the future asset-to-asset exchange based on InstantDEX orderbooks, AE will also become a crypto exchange with the lowest fees in the market, and with a very high flexibility (any trading pair should be possible).
3 - Development of main production servers and testing of additional coins are compatible since they are being done by different people.

So if you see dev talk about additional coins, don't be afraid... it's not that devs are overlooking essential issues, they're just working while essential issues are fixed :)

Agree, I'm all for adding any alt, just as long as efficiency isn't sacrificed.  Regardless, you guys are doing a great job and we've already seem huge trades happen via MGW.
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jl777

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Re: Nxt Multigateway Website is online!
« Reply #116 on: August 14, 2014, 05:44:21 pm »

I think supporting a bunch of alts could be cool, but speed and reliability should be priority, not sure if adding numerous coins affects that.   If it does, then I would say absolutely stick to the big coins, mainly BTC, LTC, at this point.  There is a reason why Coinbase isn't supporting anything other than BTC.
speed and reliability are difficult to achieve at the same time. like heisenburg principle
you want it fast, then chance for error goes up
you want it reliable, it becomes slower

to get both is a major project that requires refactor. I will not be doing this, new dev is needed to do this and I will of course help. So, current level of performance is what MGW will be for a while. However, more and more coins can be added using the current design and it is totally independent of the main MGW servers
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msin

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Re: Nxt Multigateway Website is online!
« Reply #117 on: August 14, 2014, 05:49:02 pm »

I think supporting a bunch of alts could be cool, but speed and reliability should be priority, not sure if adding numerous coins affects that.   If it does, then I would say absolutely stick to the big coins, mainly BTC, LTC, at this point.  There is a reason why Coinbase isn't supporting anything other than BTC.
speed and reliability are difficult to achieve at the same time. like heisenburg principle
you want it fast, then chance for error goes up
you want it reliable, it becomes slower

to get both is a major project that requires refactor. I will not be doing this, new dev is needed to do this and I will of course help. So, current level of performance is what MGW will be for a while. However, more and more coins can be added using the current design and it is totally independent of the main MGW servers

Sure, that makes sense.  I think reliability far exceeds speed as far as importance.  It's been plenty fast for me so far.  Knowing that I can withdraw or deposit reliably and that my coins are secure on MGW is most important.  Keep up the good work!
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VanBreuk

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Re: Nxt Multigateway Website is online!
« Reply #118 on: August 18, 2014, 10:58:29 pm »

Added to http://multigateway.org/#sec_downloads the SHA256 hashes of the current Lite Multigateway version (plus link to release post) and Nxt Client + Lite Multigateway Windows installer.

Now waiting for the hosting provider to activate the SSL cert we purchased...
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msin

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Re: Nxt Multigateway Website is online!
« Reply #119 on: August 18, 2014, 11:05:43 pm »

VB, did we resolve the API issue with MGW?  Hard to follow in all the threads.
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